By Richard D. Wolff, US capitalism is again careening down blind alleys. Earlier it had crashed into the Great Depression from 1929 to 1933 before lurching into the New Deal. After 1945 it concentrated on rolling back the New Deal until it turned sharply to neoliberalism and “globalism” in the 1970s. That provided the comforting … More The Political Economy of Obama/Trump
by John Bellamy Foster with a foreword by Robert W. McChesney. From Monthly Review Press: Remember that metaphor about the frog that slowly cooks to death in the pot of increasingly warm water? Leftists have used it for years to describe how people can accept dwindling health care, fading job opportunities, eroding racial and gender … More New Book: Trump in the White House – Tragedy and Farce
Edited by Edward Fullbrook and Jamie Morgan. From WEA Books: Two things seem generally agreed about Donald Trump’s election as President of the United States: it is, for good or for bad, potentially a major historical turning point and its most important determinant was the economic reality experienced today by the majority of Americans. Given … More New Book: Trumponomics – Causes and Consequences
by Michael Zweig Rather than speaking of the working class in terms that reduce it to only categories of race and gender, the emerging field of working-class studies is settling on definitions of class that are rooted in the power relations established in production, extending outward into politics and culture.1 In this view, working-class people … More White Working-Class Voters and the Future of Progressive Politics
By James Cypher, On September 11, 1941, the U.S. War Department commenced construction of its new headquarters, the Pentagon: With each of its five sides running the length of three football fields, encompassing 4 million square feet of work space, it remains even today the world’s largest office building. Placing it where President Roosevelt wanted … More James Cypher: Military Spending in the Swampland
For the paper of Epstein’s that this interview is based on see here
by Gerald Epstein Trumponomics, argues this economist, may look like Reaganomics, but it is more about political power than optimal economics strategies. Economists should be aware of this, but many, even progressives, are not. The author provides a way of looking at and criticizing Trumponomics for the popular, power-aggrandizing strategy and ultimately deeply dangerous set … More Trumponomics: Should We Just Say “No”?